Subsea 7 SA ( (SUBCY) ) has released its Q2 earnings. Here is a breakdown of the information Subsea 7 SA presented to its investors.
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Subsea 7 S.A. is a Luxembourg-based company operating in the energy services sector, specializing in subsea engineering, construction, and services for the offshore oil and gas industry, as well as renewable energy projects. In its latest earnings report for the second quarter and first half of 2025, Subsea 7 S.A. showcased a robust financial performance with a 23% increase in Adjusted EBITDA, reaching $360 million, and a solid EBITDA margin of 21%. The company’s backlog stands at $11.8 billion, providing significant revenue visibility for the year. Key financial metrics highlight a net income of $131 million for the quarter, a substantial increase from the previous year, driven by strong operational execution across its business units. The company also announced a merger agreement with Saipem, aiming to create a global leader in energy services. Looking ahead, Subsea 7 S.A. maintains a positive outlook, reaffirming its full-year guidance and expecting continued growth in EBITDA, supported by its strategic focus on long-cycle subsea markets and selective offshore wind projects.